Chattanooga—Aterian Investment Partners (Aterian), a private investment firm, through its portfolio company, Xpress Global Systems, LLC (XGS), has acquired Delta Distribution/Michigan Carpet, a specialized flooring less-than-truckload company headquartered in Grand Rapids, Mich.
“Our acquisition of Delta Distribution complements the overall business offerings of XGS and again marks another meaningful evolution of our portfolio,” said Dan Martin, CEO, XGS. “Delta is a very well-run company that expands our network in the Midwest region and creates significant value for our stakeholders.”
This purchase represents the second acquisition by XGS in the last month as it continues its accelerated momentum in the logistics industry. The merger allows the company to expand its services and increase capacity in Indiana, Michigan, Missouri, Ohio and Pennsylvania.
Earlier in the month, the company acquired 7 Hills Transportation (7 Hills), an asset-based carrier headquartered in Cartersville, Ga. The acquisition represented XGS’s first since Aterian’s investment in December 2018.